Overall, it was a quiet and mixed trading day on Friday. The VIX, which is Wall Street’s fear index, traded up near 30 today amid inflation concerns and rising tensions between Russian and Ukraine. The corn market had some strength after a sizable sale to unknown destinations today (which we presume is China). Soybeans did get a confirmed sale to China as well but overall the soy complex was lower Friday. Wheat traded both sides of unchanged. Meantime, cattle were lower ahead of this afternoon’s Cattle on Feed report and hogs had another big day.
Farm and Ranch Director Jesse Allen has our closing report: https://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1406
Also, more analysis with Jesse Allen and Arlan Suderman of StoneX on today’s Market Talk below: